Biz people

'Mr Yen' says dollar may plunge

IN BRIEF (Page 16)

Business International

Philips says Q3 income slipped to 331m euros

Royal Philips Electronics NV, the world's biggest maker of light bulbs and electric shavers, said third-quarter profit plunged after it had a one-time gain from the sale of its semiconductor unit a year earlier.

Orange juice prices set to rise

The price of your morning glass of orange juice will rise, if recent action in the futures market is any indication.

Japanese economy to keep growing despite global instability

Japan's economy will keep growing, though global financial markets remain volatile following the US housing slump, central bank Governor Toshihiko Fukui said.

Crude passes the $85 mark

Crude oil rose to a record above $85 a barrel as tensions on the Turkey-Iraq border increased concern that supplies may be threatened as global stockpiles decline.

Can they get any sort of satisfaction?

The signature song of the Rolling Stones (I Can't Get No) Satisfaction may become the unofficial anthem of the 13-country euro-area.

IN BRIEF (Page 16)

Business International

Germans pay dearly as Swiss stay at home

Sales are down at Kuecuek Coekelekci's kebab stand in Jestetten, Germany. The reason: Many of his customers from neighboring Switzerland are nowhere to be found.

Stocks on the up across Asia

Asian stocks extended gains yesterday, with Australian, Singapore and South Korean markets setting new records, while the yen lost ground to the dollar and euro after the Bank of Japan kept interest rates on hold.